From www.investmentlawwatch.com: On January 23, 2025, President Trump signed an executive order aimed at reforming the digital asset regulatory landscape, promoting responsible growth in cryptocurrencies and stablecoins.… read more
From piperalderman.com.au: Celsius has begun serving clawback actions to Australian customers, targeting those who withdrew funds prior to the company’s bankruptcy in July 2022.
The SEC announced the formation of a new crypto task force to develop a clearer regulatory framework for crypto assets, emphasizing collaboration with industry participants.… read more
From www.abc.net.au: The Canberra region has approximately 39 cryptocurrency ATMs, allowing users to buy and sell digital currencies like Bitcoin, often through cash or debit cards.… read more
From piperalderman.com.au: The UK Treasury clarified that “qualifying cryptoasset staking” is not classified as a collective investment scheme, reducing regulatory burdens for blockchain staking services and supporting innovation.… read more
From mdl.com.au: Cryptocurrency is not considered legal tender in Australia but is legal to buy, sell, and use, treated primarily as an asset under the guidance of regulatory bodies like ASIC and AUSTRAC.… read more
From www.ifa.com.au: Bitcoin concluded 2024 as the seventh largest global asset following a rally that exceeded 120%, with its market capitalization exceeding $2 trillion.
The surge was driven by the approval of spot Bitcoin ETFs in the US and favorable economic conditions, despite a recent price dip to below $90,800.… read more
Jamie Dimon, CEO of JPMorgan Chase, criticised Bitcoin in a CBS News interview, labeling it a “decentralized Ponzi scheme” primarily used by criminals for activities like money laundering and sex trafficking, www.ibtimes.co.uk… read more
From www.bleepingcomputer.com: Pastor Francier Obando Pinillo from Pasco, Washington, has been indicted on 26 counts of fraud for leading a cryptocurrency scam known as “Solano Fi,” which purportedly defrauded investors of approximately $5.9 million between 2021 and 2023.… read more
From piperalderman.com.au: Predictions for the cryptocurrency landscape in 2025 emphasize increased institutional adoption and recognition as a strategic reserve asset.
Key trends include significant growth in stablecoin usage, the tokenization of real-world assets, and advancements in decentralized finance (DeFi) and artificial intelligence integration.… read more
From sophiegrace.com.au: AUSTRAC has issued new sector-specific indicators to identify suspicious activities related to money laundering and terrorism financing in digital currency exchanges.
These indicators necessitate timely reporting, proactive monitoring, and are to be integrated into risk assessment processes and compliance programs.… read more
From cadenalegal.com.au: The ATO has been issuing non-binding web guidance, leading to concerns among tax professionals about its reliability for interpreting complex tax laws.
The guidance lacks the authority of public rulings, making it less protective for taxpayers in forming reasonably arguable positions.… read more
From piperalderman.com.au: The Supreme Court of Victoria has ruled that Bitcoin qualifies as property under common law, marking a first for Australian higher courts.
Justice Attiwill determined that Bitcoin meets the four criteria for property as per the Ainsworth test, allowing it to be identified, controlled, and held with a degree of permanence.… read more
From cadenalegal.com.au: Tokenisation of real estate in Australia involves converting ownership interests into digital tokens on a blockchain, promising benefits like increased liquidity and fractional ownership.… read more